National Bank

Protection of banking secrecy is one of the key aspects of the financial stability of the state, ensuring citizens’ trust in the banking system. In civil law, banking secrecy is considered as an element of protecting privacy and protecting property rights, which are enshrined in the Constitution of Ukraine and the Civil Code of Ukraine. However, in the context of combating financial crimes and corruption, the state is forced to look for mechanisms to control financial flows, which sometimes requires the disclosure of banking information.

The article revealed that the current national legislation of Ukraine, unfortunately, does not have a legally regulated concept of "banking control". Scientific doctrine is multifaceted and contains diametrically different interpretations. Without pretending to the completeness and redundancy of the analysis of existing views on the nature of bank control, we will formulate the author's definition of "bank control". It is established that the domestic banking legislation is based on "Basel I" with the exception of the amendment regarding the inclusion of market risks from 1996.